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Net worth update per


This is FrankTheTank's #8 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 2,198,187 and my FI portfolio increased to DKK 2,163,446


Net worth

DKK 2,198,187

Since the last update on my net worth has decreased with DKK -6,548 ( -0.3 %).

FI portfolio

DKK 2,163,446

Since the last update on my FI portfolio has increased with DKK 37,966 (+ 1.79 %).

The per-day change in net worth between the reported periods are shown in the plot below.


And the development and changes between each net worth reporting is shown in the tables below.

Net worth
FI portfolio

The changes for each asset class is shown in the table below. All numbers are in DKK.
Change
Cash 295,334 -17,280 278,054
Investments 890,707 +20,185 910,892
Retirement acc 939,439 +35,061 974,500
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 4,025,480 +37,966 4,063,446

Mortgage 1,726,983 12,217 1,739,200
Other debt 93,762 + 32,297 126,059
Total debt 1,820,745 + 44,514 1,865,259
Change
Cash 275,000 +3,054 278,054
Investments 784,400 +126,492 910,892
Retirement acc 860,700 +113,800 974,500
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,820,100 +243,346 4,063,446

Mortgage 1,741,800 -2,600 1,739,200
Other debt 106,000 + 20,059 126,059
Total debt 1,847,800 + 17,459 1,865,259
Change
Cash 229,000 +49,054 278,054
Investments 746,000 +164,892 910,892
Retirement acc 789,720 +184,780 974,500
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 +398,726 4,063,446

Mortgage 1,740,300 -1,100 1,739,200
Other debt 52,000 + 74,059 126,059
Total debt 1,792,300 + 72,959 1,865,259

I am now 14.4% on my way to achive my FIRE target of DKK 15,000,000. This is 0.3 percentage points closer, compared to the last net worth update.

DKK 2,163,446 FIRE target: DKK 15,000,000


14.4%

FI portfolio

My FI portfolio now consists of DKK 910,892 (42.1%) in investments, DKK 974,500 (45.0%) in retirement accounts, and DKK 278,054 (12.9%) in cash.

Investments

Since my last update, my investments increased with DKK 20,185 (2.27%).

Retirement accounts

Since my last update, my retirement accounts increased with DKK 35,061 (3.73%).




How much can I withdraw according to the 4%-rule?

If I quit working today, my monthly pay out would be DKK 7,211 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
7,211/month
(4.0% SWR)
6,310/month
(3.5% SWR)
5,408/month
(3.0% SWR)


When can I retire?

FI date

My age

51

I am currently aiming to save/invest approximately DKK 25,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 15,000,000 in 15 years and 10 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another DKK 4,800,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 8,036,554


Financial independence forecast